Year 2014

April 10, 2014

Deutsche Bank and Attijariwafa Bank sign strategic partnership

Deutsche Bank and Attijariwafa Bank today announced the signing of a Memorandum of Understanding. The purpose of this Memorandum is to build and develop comprehensive co-branded transactional banking solutions based on the respective and complementary expertise of the two groups servicing the banks clients in their respective markets.

The agreement covers a wide range of business lines including cash management, correspondent banking, trade and project finance as well as migrant banking. It furthermore addresses a variety of customer needs from corporate clients to multinational corporations, financial institutions such as insurance companies or pension funds, as well as individuals (diasporas, pensioners, students) and the public sector.

Boubker Jai, General Manager of Attijariwafa Bank group said: ''This strategic agreement with Deutsche Bank illustrates our strong willingness and conviction to provide our clients with the best innovative and comprehensive solutions through 'win-win' alliances with 'world-class' partners''.

Emmanuel Rességuier, Global Head of Working Capital Advisory for Insurance, Public Sector and Pensions at Deutsche Bank commented: "We are delighted to have reached this Memorandum of understanding with Attijariwafa Bank. It is the beginning of a long-term partnership between both our banks and aims at developing unique banking solutions which serve the needs of both our clients. Deutsche Bank is recognized as a reliable partner, offering comprehensive product packages that meet individual client needs."

Sealing this strategic partnership, Attijariwafa Bank and Deutsche Bank inaugurate a process of cooperation to enrich and diversify their product solutions. Customers will benefit from innovative and structured products and services that meet their needs in the countries where both groups are operating.